Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long$-$term bank loan. Selected account balances at March $31,2021,$ for Business Solutions follow.

Total assets

$ $121,968$

Total liabilities

$ $858$

Total equity

$ $121,110$

Required:

The bank has offered a long$-$term secured note to Business Solutions. The bank$$s loan procedures require that a client$$s debt$-$to$-$equity ratio not exceed $0\mathrm{.}73.$ As of March $31,2021,$ what is the maximum amount that Business Solutions could borrow from this bank?

Note: Round your intermediate calculations to the nearest dollar amount.

Assume Business Solutions borrows the maximum amount allowed from the bank.

Note: Round your intermediate dollar values to the nearest whole number and final answers to $1$ decimal place.

$($a$)$ What percentage of assets would be financed by debt?

$($b$)$ What percentage of assets would be financed by equity?